S. 970 establishes a pilot program to improve the family self-sufficiency program via an escrow expansion initiative. It allows selected entities to create escrow accounts for up to 5,000 families receiving housing assistance, where increased rent due to higher earned income...
Simple Explanation
The bill, S. 970, is like setting up a special piggy bank for families who get help with their homes, where extra money they earn gets saved so they can use it later to become more independent. It provides money to make this work well and to check if it really helps families save money and become more self-sufficient.